Great chance! Gold prices declined tremendously, know what is the reason?

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Photo: Freepik Gold price

Gold Rate Today: Gold prices are seeing a tremendous decline on Monday, the first trading day of the week. The trade deal in the US and China has brought a lot of relief to the global business world. Trade war and tariff war clouds have been ripped to a great extent. Russia’s proposal of ceasefire and the struggle between India and Pakistan also reduced geo-political tension. Its direct effect is being seen in gold prices. Both domestic and global prices of gold have been seen trading with great decline. On Monday morning, on the MCX Exchange, the delivery gold of 5 June 2025 was seen trading at Rs 94,060 per 10 grams with a drop of Rs 2.55 per cent or Rs 2458 per 10 grams. At the same time, gold, with a delivery of 5 August 2025, was currently seen trading at Rs 94,771 per 10 grams with a decline of Rs 2.49 per cent or Rs 2422.

Globally gold

Along with the domestic prices of gold, there has been a tremendous decline in global prices. The global price of gold at Comex on Monday morning was seen trading at $ 1.75 per cent or $ 59.80 at $ 3,284.20 an ounce. Apart from this, the global spot of gold was seen trading at $ 3,278.68 an ounce with a decline of 1.39 per cent or $ 46.30.


Globally silver

Apart from gold, there has been a rise in global prices of silver. Silver futures on comex gained 0.38 per cent or $ 0.13 to trade at $ 33.04 an ounce. At the same time, the global spot of silver was currently traded at $ 32.86 an ounce with a gain of 0.42 per cent or $ 0.14.

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